GBP/USD - 1.6527.. Traders' mentality recently on cable is to buy on dips n despite falling in tandem with euro in NY session at 1.6587, cable met renewed buying at 1.6467 (Aust.). Although price has edged higher at European opening, some offers are seen at 1.6534/45 are likely to cap intra-day upside. However, traders are paying extra attention to U.K. Q2 GDP, market is expecting an improvement in Q/Q of -0.2% fm previous awful -2.4%. Bids remained at 1.6450 all the way down to 1.6400.
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